Last week it was reported that 21st Century Fox is in talks with 3 potential buyers including Comcast, Verizon, and Sony for a potential sale. This comes a week after it was reported that Fox and Disney have been in talks for a possible sale.
It is reported the Rupert Murdoc and his sons are looking at keeping their sports and news assets but selling off other parts of Fox. At this time it is unsure if they are looking at selling off cable networks like FX but it is reported that FOX would keep its Fox Broadcasting Co and ownership of their FOX local affiliates. For now, it looks like this deal is more about selling off the production assets and back catalog right now.
This would give Disney a more extensive catalog of movies and TV shows at a time they are looking at going direct-to-consumers to compete with Netflix in 2019. Currently, Disney owns the Marvel, Pixar, and Star Wars catalogs. Adding Fox to that would give them a truly compelling library for their new streaming service. This could also include international assets such as Star and Sky that Fox currently owns.
It is reported that FOX is hoping a news and sports focus would help them as the world of pay-TV is changing. Sports and news are events most Americans still watch live making them more valuable when looking at ads sales.
CNBC did add that these talks have been on and off for some time. This is breaking news and we will update the story as we learn more.
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